Intel's 2Q Results Top Analyst Views, Lifting Stock

Intel Corp. more than doubled its second-quarter profit as sales of its personal computer chips strengthened and the company made further inroads in promising new areas of technology. The world's largest chipmaker also brightened its outlook for the remainder of the year. The report released Thursday drew a lukewarm reaction from investors as Intel's stock edged up 13 cents to $35.10 in extended trading. Intel earned $2.81 billion, or 58 cents per share during the three-month period ended July 1. That compared to net income of $1.33 billion, or 27 cents per share, at the same time last year.